$SOL is stuck around 104.7 and honestly it's been doing this for two weeks. Daily wicks keep finding buyers at 100-101, and every bounce has stalled before 109-113. On my 4h chart the volume POC sits at roughly 104.1, right under price, with the value area roughly 101 to 112.6.
The NanoTrading Fire chart is what makes me careful here. The liquidity heatmap has the heaviest order-book mass packed at and just under price, about 100-105, and the liquidation map shows the same story, bright clusters stacked from 104 down to 101. Above it gets thin until the short liquidation pocket around 116.
Positioning is lopsided. Binance futures accounts are about 74% long (L/S 2.78), top traders about 68% long. OI dropped from ~$930M to ~$880M over the last two days and has gone flat since, while funding just ticked back up to the 0.01% base. So lots of longs sitting right on top of a liquidation shelf, no fresh money.
My plan: a 4h close under 101 probably flushes that shelf fast. I'd only flip bullish on acceptance above 109, which opens the walk toward 113 and the 116 pocket. In between I'm just watching 👀
NFA, just how I'm reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$SOL #SOL #Solana #NanoTrading
The NanoTrading Fire chart is what makes me careful here. The liquidity heatmap has the heaviest order-book mass packed at and just under price, about 100-105, and the liquidation map shows the same story, bright clusters stacked from 104 down to 101. Above it gets thin until the short liquidation pocket around 116.
Positioning is lopsided. Binance futures accounts are about 74% long (L/S 2.78), top traders about 68% long. OI dropped from ~$930M to ~$880M over the last two days and has gone flat since, while funding just ticked back up to the 0.01% base. So lots of longs sitting right on top of a liquidation shelf, no fresh money.
My plan: a 4h close under 101 probably flushes that shelf fast. I'd only flip bullish on acceptance above 109, which opens the walk toward 113 and the 116 pocket. In between I'm just watching 👀
NFA, just how I'm reading the map.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$SOL #SOL #Solana #NanoTrading